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| WIND POWER |
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Overview |
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Our wind power division is engaged in the generation and sale of electricity from our wind farms.
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Operating Assets |
We operate nine wind farms in India with a total installed rated capacity of 215.75 MW as on March 31,
2011.
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Sogi & Jajikallgudda wind farm is located in Harpanahalli Taluk, Bellary and Davangere Districts, Karnataka, having an installed capacity of 106.25 MW. This wind Farm is located approximately at 800 metres above sea level on hilly terrain |
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G R Halli & Jogimatti wind farms are located in Chitradurga District, Karnataka having an installed capacity of a 41.0 MW. These Wind Farms are also located approximately at 800 metres above sea level on hilly terrain |
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Harihar wind farm is located at Kundur, Davanagere Disrict, Kanataka having an installed capacity of a 6.60 MW. This Wind Farm is located approximately at 650 meters above sea level on hilly terrain. |
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Satara, wind farm is located at Vankuswade in Satara District, Maharashtra having an installed capacity of 1.5 MW. This Wind Farm is located approximately 1142 metres above sea level on flat terrain. |
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Dhule, wind farm is located at Nandurbar District, Maharashtra with a installed capacity of 20 MW. This Wind Farm is located approximately 600 meters above sea level on flat terrain. |
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Surajabari
wind farm is located in Kutch district of Gujarat and is
located adjacent to Rann of Kutch having a installed capacity
of 30 MW This Wind Farm is located approximately 70 metres
above sea level on flat terrain.
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 Tinwari Wind Farm is located near Jodhpur district of Rajasthan has 10.4 MW capacity. This Wind Farm is located at approximately 300 meters from sea level. |
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| Wind Power Sales |
All the power being generated from various wind farms is being fed into the respective state grids. We have signed the Long Term Power Purchase Agreements with various State power utilities / distribution companies, who are making the payments as per the agreements.
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| Kyoto Protocol and Emission Trading Schemes |
On February 16, 2005, the Kyoto Protocol came into force in approximately 141 countries whereby the participants pledged to cut worldwide greenhouse gas emissions by 5.2% from 1990 levels by 2012. In order to help to accomplish this objective, the Kyoto Protocol includes three market-based methods that allow countries to earn or to buy credits outside their borders:
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| Clean Development Mechanism (“CDM”): Contemplates credits being earned by investing in emission reduction projects in developing countries. |
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| International Emissions Trading: Permits developed countries that have adopted a Kyoto target to buy and sell “Emission Reduction Units” (“ERUs”) amongst themselves.
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| Joint Implementation: “Certified Emission Reduction” (“CER”) credits can be earned by investing in emission reduction projects in developed countries that have adopted a Kyoto Protocol target for reducing emissions. |
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| Carbon Credit Project |
125MW Wind Power project in Karnataka, India” when registered
was one of the largest wind energy Project registered with UNFCCC and CERs, for generation is already been issued by UNFCCC for the period 2004-05, 2005-06 and 2006-07. Verification for the year 2007-08 and 2008-09 is in progress
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Emission free electricity generation at Harihar, Karnataka, 6.6 MW Wind Power project has been
Registered as CDM activity by UNFCCC on 14th April,
2010
Green Energy to Grid at Dhule, Maharashtra, 20 MW Wind Power project has been
registered as CDM activity by UNFCCC on 14th March 2011. 30 MW Wind Power project at Surajbari, Gujarat is registered as CDM activity by UNFCCC
on 17th January 2011. |
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| We have four more CDM projects in the pipe line at various levels of completion and we are expecting their registration with UNFCCC by December 2010. |
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| Further the company has already signed the contracts with various validators for getting VERs for the interim period of various projects from the date of commissioning to the date of registration for CDM. Hence, after verification, company will also get the VER revenue for the units generated from March 2006 to the date of registration with UNFCCC under VCS 2007 guidelines. |
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